Changes to VAT rules on construction services from 1 October 2019
The VAT rules
on construction services are changing from 1 October 2019 for contractors and
sub-contractors. A VAT reverse charge is being introduced, which means
that VAT will need to be handled and paid in a different way. The new
rules mean that the contractor (customer) will have to pay the VAT due instead
of the sub-contractor (supplier). The changes are being implemented as a
response to missing trader fraud and will prevent losses estimated at around
£100m per year.
HMRC published guidance on 7 June 2019
Get your business energy smart in time for winter with a free £500 gift and energy saving workshop this September
Smart Energy Greater Lincolnshire, a project led by North East Lincolnshire Council, plan to equip business with the energy efficiency knowledge that could help them to save money on their energy bills this winter. As temperatures start to plummet and heating dials get cranked up, it’s no surprise that energy bills start to drastically increase. Smart Energy will be holding workshops to offer free and easy advice that could help businesses to become more energy efficient. The workshops
Fishermen in over 12m fleet urged to register now to be ready for EU exit
UK Fisheries Administrations (UKFAs) call on fishermen with vessels 12 metres and longer to register with the International Maritime Organization (IMO).
Access for UK boats to fish in EU, Norwegian or Faroese waters after the UK leaves the EU will be a matter for negotiation. Should access to fishing be agreed, fishermen in the over 12m fleet will have to ensure their vessel has an IMO number to be licensed to fish outside UK waters when we leave the
NPIF BACKS ELECTRICAL CONTRACTOR’S RECRUITMENT
The Northern Powerhouse Investment Fund has invested £150,000 to support ProGen Services Limited as it seeks to recruit new staff.
Founded in 2014, the Grimsby-based company is an industrial and commercial electrical and mechanical contractor. Progen provides fully integrated mechanical, electrical, instrumentation, control and automation (MEICA) turnkey operations across the UK.
The £150,000 funding will enable the creation of at least 10 new jobs, including a new apprenticeship programme. The investment will also be used to scale up the business by acquiring
Haulage recruitment firm is driving ahead with £350k investment
A Hull start-up which aims to revolutionise the haulage industry by finding a better way to match drivers and employers has completed a £350,000 funding round led by NPIF – Mercia Equity Finance, which is managed by Mercia and part of the Northern Powerhouse Investment Fund.
The funding, which includes £300,000 from NPIF with the remaining £50,000 from Avail’s Chairman, Keverne Watt, will enable the company to further develop its platform and app to create more functionality for users.
Avail Technologies removes
Growth Hub supports thousands of businesses across the last 12 months
More than 2,800 businesses across the region received support to help them develop from the Humber Business Growth Hub last year.
This brings the total number of businesses supported by the scheme to 9,342 since the Growth Hub was established by the Humber Local Enterprise Partnership (LEP) in 2014.
This business support comes in ‘light’, ‘medium’ and ‘high’ intensity assistance, with some businesses receiving over 12 hours of dedicated one-to-one advisor support to help with their growth plans. Delivered through a network
Making Tax Digital – Deadline approaching
The deadline for submitting your first VAT return under Making Tax
Digital for VAT will soon be here.
Make sure you have the right software and signed up for Making Tax
Digital for VAT. Remember to allow at least 72 hours before your VAT return is
due or 7 days if you pay by direct debit.
The webinar, video and HMRC’s Online Customer Forum will give you more help. (details below).
Making Tax Digital for VAT: This
webinar covers digital record keeping, signing up for Making Tax Digital
Young inventors urged to develop technology for a changing world – from climate change to healthy ageing
Young entrepreneurs are being challenged to develop the technology of the future – from measuring air pollution to helping everyone stay healthy as they get older.
£1 million competition urges entrepreneurs to create apps to seize business opportunities of becoming greener, ageing populations, cleaning up transport and the data revolutionprototypes to undergo Dragon’s Den-style scrutiny for chance to win £10,000 prize for their schoolstudents to get chance to work with industry mentors to develop their products
Young entrepreneurs are being
Humber LEP Annual Review 2018-19
Almost 6,000 new jobs have now been created through the Humber Local Enterprise Partnership’s joint investment schemes with partner organisations – with almost 3,000 new jobs to follow.
These figures have been released through the Humber LEP’s annual review, which was unveiled today at its Annual Business Summit at DoubleTree by Hilton Forest Pines Hotel in Broughton, Scunthorpe.
A total of 5,811 new direct jobs have been created, with 2,879 new direct jobs to come in the near future. When combined with
The Pensions Regulator Business Compliance Checks
In the coming weeks, The Pensions Regulator (TPR) will be
targeting their new wave of compliance checks at employers across the UK who
are suspected to be non-compliant with their automatic enrolment duties.
Employers are being warned that if they are breaking the
law, they may be inspected which could lead to financial penalty or court
action. TPR’s Director of Automatic Enrolment, Darren Ryder, said: “We know
that most employers are doing the right thing for their staff, however, there
are a small minority who persistently